A South Korean court has issued an arrest warrant for Terra co-founder Do Kwon.
Do Kwon, the Terra ecosystem's co-founder, took to Twitter on Saturday to say he's "not 'on the run' or anything similar" after the Singapore Police Force (SPF) said he wasn't in the city-state.
We are defending ourselves in multiple jurisdictions; we have held ourselves to an extremely high standard of integrity, and we look forward to clarifying the truth in the coming months. -- says Do Kwon
The Terra ecosystem Kwon co-founded experienced arguably the biggest cryptocurrency crash in history in May, it lost its US dollar peg and fell to a low of $0.006 in June.
The 31-year-old was previously thought to be in Singapore, where he gave his first media interview since the crypto operator went bankrupt in May.
Its only time that would tell us whether Do Kwon was guilty of running a ponzi scheme or it was his recklessness.